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The Grueling Truth - Where Legends Speak / Ohio casinos, racinos revenue decline in June 2022

Ohio casinos, racinos revenue decline in June 2022

Publish Date: 07/09/2022
Fact checked by: Mike Goodpaster

The gambling industry in Ohio showed a decline with the revenue dip of casinos and racinos in June. The net revenue for Ohio casinos and racinos in June was $189.1 million, a 6 percent drop compared to May’s $201.5 million. Compared to June of last year’s revenue of $196.8 million, last month’s revenue was down 3.9 percent.

Only Hard Rock Cincinnati surpassed its June 2021 revenue among the state’s commercial casinos, which are Hollywood Columbus, JACK Cleveland, and Hollywood Toledo. In June 2022, Hard Rock earned $20.4 in net revenue, up from $19.4 in June 2021.

Hollywood Columbus encountered the biggest drop in revenue when it reached $23.2 million in June 2021 and went to $21.1 million in June 2022.

In terms of total revenue, the decline has also occurred for Ohio casinos compared to May 2022 and June 2021. The total revenue in June 2022 was $81.5 million, which shows a 5.88 percent drop from the total revenue of $86.6 million in May 2022 and 3.8 percent below June 2021’s $84.7 million.

Similar to the casinosโ€™ case, Ohio racinos’ revenue in June also went down compared to May and June 2021. The revenue in June 2022 was $107.6 million, while the May revenue was $117.9 million. Compared to June 2021, which had $112.1 million, the decline was as much as 4 percent.

Compared to June 2021, MGM Northfield Park was the one racino that outperformed its net revenue. The racino reached $23.5 million in net revenue in June 2022, a slight increase compared to June 2021’s $23 million.

Meanwhile, several other racinos had a drop in net revenue from June 2021 to June 2022, including Eldorado Scioto Downs, Miami Valley Gaming, JACK Thistledown Racetrack, Hollywood Mahoning Valley, Hollywood Dayton, and Belterra Park Thoroughbred Track.

The total revenue for Ohio casinos and racinos in January-June 2022 ($1.17 billion) still showed a 1.9 percent increase compared to January-June 2021 ($1.15 billion).

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